Binance Confirms That It Is Attempting To Obtain Regulatory Certification In Germany.
Binance, the world’s largest cryptocurrency exchange, has confirmed that it is in talks to become regulated in Germany as it meets with regulators around Europe, confirming rumors from February that the company was aiming to do so.
Binance CEO Changpeng Zhao expressed optimism about the likelihood of gaining regulated status in Germany at the Finance FWD Conference in Hamburg.
He said:
“We hope to get a licence in Germany. Our team is definitely talking to regulators and based on secondary feedback the conversations are going well.”Â
The talks with German officials come after French regulators approved the exchange earlier this month. Zhao stated that Binance‘s push into France – which included a €100 million ($105 million) investment in the French web3 ecosystem earlier this month – does not imply that the company is disregarding Germany, Europe’s largest economy.
According to the Autorité des Marchés Financiers (AMF), a French financial market regulator, Binance can now operate its digital asset trading platform in France, which means it can facilitate digital asset custody, let users buy and sell crypto, and help users exchange digital assets for each other.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Binance Confirms That It Is Attempting To Obtain Regulatory Certification In Germany.
Binance, the world’s largest cryptocurrency exchange, has confirmed that it is in talks to become regulated in Germany as it meets with regulators around Europe, confirming rumors from February that the company was aiming to do so.
Binance CEO Changpeng Zhao expressed optimism about the likelihood of gaining regulated status in Germany at the Finance FWD Conference in Hamburg.
He said:
“We hope to get a licence in Germany. Our team is definitely talking to regulators and based on secondary feedback the conversations are going well.”Â
The talks with German officials come after French regulators approved the exchange earlier this month. Zhao stated that Binance‘s push into France – which included a €100 million ($105 million) investment in the French web3 ecosystem earlier this month – does not imply that the company is disregarding Germany, Europe’s largest economy.
According to the Autorité des Marchés Financiers (AMF), a French financial market regulator, Binance can now operate its digital asset trading platform in France, which means it can facilitate digital asset custody, let users buy and sell crypto, and help users exchange digital assets for each other.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Patrick
CoinCu News
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